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6/26/2020 UNIT Monash Week 9 Newsletter: Bitcoin Dominance, Sports Betting and Antiques Part 3

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Weekly Newsletter

Semester 1, Week 9 2020

Hey !

We introduce to you the new look of the UNIT Monash newsletter!

We are continually trying to improve on how we can best meet your needs and provide relevant and useful

content for our valued members. To ensure this is the case, we now include a link at the bottom of the

newsletter for you to provide feedback to us. If you want us to cover a topic or want to tell us what you

think we are doing right, please fill it out! We want to thank you in advance for your contributions.

This week's newsletter includes an insight into Bitcoin halving, the sports betting craze, and part 3 of

antiques.

Check out the week 9 newsletter below for more details!

Events

It is unfortunate that due to COVID-19 we are unable to host any in person events. However, over the next

couple of weeks we will be running a series of new events.

In Week 11 and 12, we will also be running our revision lecture series in the following units:

BFC2140: Corporate Finance 1

BFC2751: Derivatives 1

BFC3241: Equities and Investment Analysis

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BFC3540: Modelling in Finance

Stay tuned by following our Facebook Page here: https://www.facebook.com/UNITMonash/

Market Insights

Sports Betting Pandemic

The global sports betting market was valued at approximately US $104.3 billion in 2017 and is expected to

reach US $155.49 billion by 2024. Although it is widely viewed as being a root cause of gambling-related

problems, there are many positive aspects to the industry.

Click here to read more.

Bitcoin Dominance and The Halving Event

The purpose of this article is to delve into why Bitcoin is the single most buzzed about cryptocurrency, to

discuss what Bitcoin’s halving entails, and how the past halvings have affected the global cryptocurrency

market.


Investing in Antique Violins Part 3 - Liquidity

This will be a three-part series that will reflect upon my own personal experiences collecting antique

violins, and the lessons I have learnt.


Commodities Call

To help paint the picture of how COVID-19 has impacted the commodity markets, we can compare it to

other major events such as 9/11 and previous recessions.


A Primer on Cryptocurrencies

The purpose of this article is to briefly delve into the exploding topic of cryptocurrencies – specifically the

financial and economic facets of this market.


Weekly Global Breakdown


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The Australian market experienced another volatile week with the ASX200 gaining 0.66% by week end.

This XJO return was expected to be higher midweek, until the markets began to tumble towards the end

of the week. This has been a regular occurrence for the last few weeks, showing that market volatility and

investor uncertainty remain.

This week the commodity sector led the market’s growth, with the materials and energy sectors gaining

6.11% and 5.15% respectively. For both sectors, the increase is mainly due to investor optimism that

businesses and manufacturing are beginning to reopen in Australia. This will be vital for the energy sector

as oil use will reach regular levels and stabilize the markets.

Buy now pay later giant Afterpay (ASX:APT) announced on Thursday morning that it has reached 5 million

active users in the US. This major milestone for the tech giant has caused their stock price to reach an all

time high of $45.17. If you invested in Afterpay when the market crashed on March 23, this would see

your return to be a whopping 463.92% in only 1.5 months. With recent news from the company only being

positive, it will definitely be a share to keep an eye on.

The US market experienced a relatively flat week, with the Dow Jones gaining 0.66% and NASDAQ

following with a slightly larger gain of 0.88%. The US is the largest economy in the world and is

considered the backbone of global trade. However, the recent US unemployment rate released this week

showed that 14.7% of Americans were unemployed. This is a sad insight into the impact coronavirus has

had on the people and the economy, but with the US forcing the economy to reopen, we may see a slight

decrease in this rate. However, as jobless claims continue to increase in the US, this seems extremely

unlikely.

What does this mean for the world?

Procter and Gamble (PG) is the largest company which specializes in selling health related consumer

goods. Now, imagine you are one of the unemployed citizens in the US and this week you may feel you

need to save your money rather than spend some on a bottle of shampoo. PG suffers a small loss from

you deciding to no longer purchase their product. However, millions of other people will also be doing the

same. Due to this, PG’s profit and revenue will fall greatly, meaning less goods will be made. As a result

some employees will be redundant, causing the unemployment rate to increase even more and worsen

the economy. This is the stark reality of the economic recession and it will be vital to see how businesses

cope with this issue moving forward.


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Thursday 21/05 – The EUR/USD has fallen off trading at 1.0955 USD. Trump’s barrage of tweets to

Beijing has worsened Sino-American relations, thus boosting the USD as a safe-haven currency. Friday

22/05 – The Euro was trading at around 1.0900 USD. Following China’s Hong Kong security law, markets

worldwide were shaken. The fall in share markets have boosted safe-haven instruments such as US

Treasury Bonds and the USD.

The FTSE100 index rose trading at 6040 per share. This increase occurred after BoE chair Andrew Bailey

announced that the UK central bank has no plans of potentially initiating sub-zero interest rates. Friday

22/05 – The UK blue-chip index declined by 2% sharply, trading at 5925 following worsening US-China

relations and the passing of tighter Chinese security laws over Hong Kong. The biggest casualties

responsible for the fall of the FTSE100 consisted of firms with strong links to Asia. Shares from Asia-

focused British life insurer Prudential saw a 9.3% decline to the bottom of the Stoxx Europe index. HSBC

Holdings Plc fell by 5% and Standard Chartered by 2.4%.

The USD/CNY gained 0.07% trading at 7.1186. Friday 22/05 – The USD/CNY pair rose 0.21% to 7.1304.

The USD was boosted following reports on Thursday 21/05 that China was planning controversial national

security laws for Hong Kong. Chinese Premier Li Keqiang’s announcement that China will refrain from

setting a 2020 GDP target also dampened the strength of the renminbi.

Friday 22/05 – The Nikkei declined by more than 0.8%, trading at a low 20334.99 Yen as Japan’s

economic situation worsens. April data showed that Japan’s inflation dropped to -0.2%, pushing BOJ to

leave overnight rates at -0.1% and 10-year government bonds at 0%.

Questions and Feedback

Questions

As we mentioned in previous emails - we started UNIT Monash with the vision of educating the student

community in investing and trading to one day strive for financial independence.

We want to create a new concept of peer-to-peer communications about investing and trading. There's a


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lot of value in sharing experiences, having opinions and shedding light on new ideas. Feel free to get in

contact with us via Facebook if you have any enquiries about investment, trading or our upcoming events.

Feedback

We consistently strive to improve on how we can best meet your needs and provide relevant and useful

content for you, our valued members. If you want us to cover a topic or want to tell us what you think we

are doing right, please click here to fill out our one-minute feedback form.

We want to thank you in advance for your contributions.

Regards,

UNIT Monash

SPONSORS AND PARTNERS

Disclaimer

The authors of this publication are not qualified to provide financial or investment advice and as such the

content provided should not be construed in this manner. All information is intended purely for educational

purposes and is provided for the personal interest of UNIT members. The opinions expressed within the

weekly newsletter do not reflect those of UNIT as an organisation, its partners or its sponsors.

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qh[ki - wordpress.com · 2020. 6. 26. · 6/26/2020 unit monash week 9 newsletter: bitcoin...

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